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Invesco CurrencyShares Japanese Yen Trust
FXY (Invesco CurrencyShares Japanese Yen Trust) is an index International Equity ETF by Invesco. With a 0.40% MER, it provides diversified exposure.
FXY by Invesco is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.40% MER, its fees are in line with category averages. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).